Scott reviews comments on his vibecession post, exploring when it started, whether it's really about economics or culture, and notably finding that China experiences similar pessimism despite 5-10x income growth, suggesting vibes can be completely divorced from economic reality. Longer summary

Scott Alexander reviews and discusses comments on his previous post about the 'vibecession' (the disconnect between good economic indicators and negative public sentiment). The discussion covers when the vibecession actually started, whether economic complaints are proxies for cultural dissatisfaction, housing and inflation concerns, international comparisons (especially China's similar phenomenon despite massive economic growth), and concludes that vibes may be genuinely divorced from economic reality, though housing prices and partisan political feelings play significant roles. Shorter summary

Scott Alexander follows up on his critique of a book about the Baumol effect, presenting data that challenges the book's claims about rising wages driving cost increases in education and healthcare. Longer summary

Scott Alexander follows up on his review of Tabarrok and Helland's book about the Baumol effect and rising costs in education and healthcare. He expresses disappointment with Tabarrok's response to his critique and further explores the issues. Scott presents data showing that wages in high-productivity sectors and for doctors and teachers have not risen as much as claimed, which challenges the book's central thesis. He also clarifies his understanding of how the Baumol effect can make things less affordable for individuals even if not for society as a whole. The post analyzes various data sources and graphs to support these points, maintaining a critical stance towards the original book's arguments. Shorter summary

Scott Alexander reviews a book attributing rising service costs to the Baumol effect, finding it convincing but raising some concerns about conflicting data and affordability issues. Longer summary

Scott Alexander reviews the book 'Why Are The Prices So D*mn High?' by economists Alex Tabarrok and Eric Helland, which attributes rising costs in services like healthcare and education to the Baumol effect. The authors argue that as productivity increases in some sectors, wages rise across all sectors, making labor-intensive services relatively more expensive. Scott finds their case convincing but raises some concerns, including data on stagnant real wages, conflicting information on professional salaries, and the apparent decrease in affordability of services like education, which the Baumol effect shouldn't cause. He seeks further clarification on these points to fully accept the Baumol effect as the primary explanation for cost disease. Shorter summary